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CIPD: HR managers should improve their business savvy
The Chartered Institute of Personnel and Development (CIPD) has underlined the potential importance of human resources (HR) staff improving their understanding of business principles on a wider scale.
According to a survey conducted by the organisation, three-fifths of UK HR practitioners agree they need to improve their business savvy in order to drive organisational performance more effectively.
Key priorities include greater understanding of business models and the ability to generate insight from complex data, as well as fostering curiosity and a desire to ask questions about how processes work.
By becoming more informed, HR managers will be able to lead more effectively and improve the relationship between staff and organisational goals.
John McGurk, learning and talent development adviser at the CIPD, said: "Business-savvy practitioners at all levels are essential if HR is to fulfil its potential to be central to organisational strategy."
This comes after a report from the CIPD earlier this month suggested that the economic downturn has damaged trust between managers and staff, creating a need for relationships to be rebuilt in order to move forwards.
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